We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
 KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover additional expenses incurred in complying with charterers’ orders to stop loading operations.
The Facts
The vessel was voyage chartered for a voyage from the USA to Venezuela. Upon arrival at the load port, loading commenced. When charterers became aware of this they ordered the loading to stop. Loading did not then recommence until four days later. Owners claimed from charterers the additional dockage, security and guards’ expenses incurred as a result of the four day interruption to loading.
The Load Port Expenses
In respect of the additional load port expenses, the Tribunal held that the allocation of such expenses would usually fall to owners under the charterparty terms. This was because the charterers were entitled to use the laytime as they wished and so it followed that the associated expenses had to lie where they fell, i.e. with the owners. However, the Tribunal accepted evidence from the owners that an oral agreement had been reached between the owners and the charterers that charterers had agreed to pay the owners’ invoice in full, which included the additional port expenses. It was, therefore, as a result of this additional oral agreement that the Tribunal ordered the charterers to pay the additional port expenses to the owners. Without this oral agreement, which changed the terms of the charterparty, the owners would not have received any compensation for the additional load port expenses incurred as a result of the four day delay.
A Reminder
It is worth reminding owners that charterers do have an absolute right to use the given laytime as they see fit. There is no duty on them to load or discharge faster than the given laytime. Therefore, if a charterer orders the vessel to stop cargo operations when laytime is running, the port expenses incurred during the stop will usually be for owners. This is unless a specific clause (or additional oral or written agreement on this point) can be agreed between the owners and the charterers to the contrary.
Source: North of England P&I Club
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 November 11
CITING CONTRACTS, MINING FIRMS ARE NOT PAYING ROYALTIES UNDER LAW - THE JAKARTA POST
The Jakarta Post reported that, when the 2009 Law on Minerals and Coal was endorsed, hopes that Indonesia could maximize its revenue from the minera ...
Monday, 28 November 11
NEW ENVIRONMENTAL MARINE REGULATIONS TO IMPACT SHIPPING IN 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
August of next year will see some major changes for marine navigation. It’s when the North American ECA will come into force, introducing a 1% ...
Sunday, 27 November 11
INDIA'S KPCL TO IMPORT 50 MMT OF COAL FOR 10 YEARS
COALspot.com - Karnataka Power Corporation Limited (KPCL) will buy 5 million metric tonnes of coal annually for 10 years starting from 2015.
In a ...
Saturday, 26 November 11
INDIAN PORTS ARE BECOME COAL STOCKPILES..!!
COALspot.com - The Indian coal stocks and power tariff situation is the hot topic among the world coal producers as well as Indian coal importers.&n ...
Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
|
|
|
Showing 4956 to 4960 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Minerals Council of Australia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Siam City Cement - Thailand
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
|
| |
| |
|
